Whats this announcement worth $ ?

This deserves its own thread.
Now were talking, finally got some meat on the bone to look at. Well done folks.

They didn't supply any metrics to go on, like what is this worth in todays market,
so i will have a go.

Firstly the numbers supplied are not rounded down at all and given the size of them I see that as an error.

The number they gave were:
1C 2147.7
2C 2963.9
3C 3301.1

So I will assign a paper napkin conservative value to gas in ground with low certainty of

1C = 0.50 cents
2C = 0.25 cents
3C = 0.15 cents

then lets assume that you can only recover 50% of that
multiplied out the numbers look like this in $mill;

1C = 686,925
2C = 370,847
3C = 247,732

Total = 1,305,145 million

Current market cap 69mill = take over target IMO